Victor Tangermann
So Much Money

Elon Musk Is Now Officially the Wealthiest Person on Earth

byVictor Tangermann
Jan 7
Victor Tangermann

He's made billions in the past 24 hours — and become the wealthiest person on the planet.

Top Dog

Earlier this morning, we reported that mercurial billionaire Elon Musk was approaching the extraordinary milestone of becoming the wealthiest person on Earth. Now, just an hour later, it appears that he’s already accomplished that goal, as Bloomberg reports.

According to Bloomberg‘s Billionaire Index, surging Tesla shares inflated Musk’s net worth to a dizzying $188.5 billion as of Thursday morning.

Tesla Bump

Tesla share prices rallied another 4.8 percent following an already immensely successful year. Share prices surged 743 percent in 2020 alone, according to Bloomberg.

According to the Index, Musk is now worth $1.5 billion more than Amazon founder Jeff Bezos. Bezos has held the top position since October 2017.

Advertisement

Shifting Sands

The news also comes after Musk blew past Bill Gates’ net worth on the Index late last year.

Investors predict Tesla’s gravy train will keep going this year, especially now that Democrats have taken control of both houses of Congress. The Democratic Party has been far more inclined to advocate for the electrification of cars than Republicans, and that will likely mean boom times for Tesla.

READ MORE: Elon Musk Surpasses Jeff Bezos to Become World’s Richest Person [Bloomberg]

More on the saga: Elon Musk Poised to Become the Richest Person in the World

Advertisement


As a Futurism reader, we invite you join the Singularity Global Community, our parent company’s forum to discuss futuristic science & technology with like-minded people from all over the world. It’s free to join, sign up now!

Share This Article

Copyright ©, Singularity Education Group All Rights Reserved. See our User Agreement, Privacy Policy and Cookie Statement. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Futurism. Fonts by Typekit and Monotype.